INFORM: Infrastructure, Projects & Finance – July 2026

In our latest edition, we have shared the trends shaping the infrastructure landscape and key developments in projects and finance, with certain case laws highlighting the judicial perspective.

CASE LAWS:

• Narrow Scope of Judicial Interference Under Section 34 and 37 of the Arbitration Act: SC
• Deficiency in Stamp Duty on Bank Guarantee is a Curable Defect: Allahabad HC
• Writ Petition Challenging GST on BOT Annuity Receipts Not Maintainable: Meghalaya HC
• Limitation under Section 34 of the Arbitration Act Commences Only Upon Disposal of Section 33 Application: SC

NOTIFICATIONS/CIRCULARS

• NHAI Clarifies WPI Indexation Methodology for Price Adjustment
• NHAI Rationalises Additional Performance Security Requirements for Ongoing and Future Works
• MoRTH Mandates Migration of Pending Applications to Rajmarg Pravesh Portal
• NHAI Adopts Predictive Asset Management Framework for National Highway Maintenance
• RBI Introduces Comprehensive Framework for Financing of REITs and InvITs
• CEA Standardizes Implementation Timelines for Inter-State Transmission System Projects

QUICK READS:

• SEBI Proposes Revised NDCF Framework for Road InvITs
• National Highway Developers Seek Procurement Reform
• MoRTH Introduces Urban De-Congestion Policy
• NHAI Issues Guidelines for Tech-Driven Maintenance Practices